Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: CryptoGirl on January 06, 2018, 01:53:54 PM
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Visa ended its relationship with a large card provider, who happen to also be a cryptocurrency card provider, causing thousands of people's transactions to be declined and scrambling to figure out how to access their money.
The card provider, WaveCrest, confirmed in an email to CNBC that it was required "to immediately close all Visa cards."
Wavecrest provided its services to a number of crypto-card companies, including Bitwala, Cryptopay, Wirex, BitPay and TenX. These companies convert people's cryptocurrencies into cash that is loaded on to a prepaid card, allowing people to use the currency for everyday transactions.
https://www.cnbc.com/2018/01/05/some-cryptocurrency-backed-cards-dropped-from-visa-network.html